Industry NewsMarkets & Economy

Get it while gettin’ is good?

Experts ponder shape of housing recovery
Published on Jan 13, 2010

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by CareyBot

NEW YORK -- The first half of 2010 should be a healthy one for Realtors in terms of transaction volume, regardless of whether the economy is in an L-shaped recession or a V-, W- or "triple U"-shaped recovery, a panel of industry veterans agreed during the Real Estate Connect conference on Wednesday.

Agents and brokers might want to save some of the money they will earn in the next six months, some said, as continuing unemployment and withdrawal of government support while millions of homeowners are still underwater or facing foreclosure could put a damper on the rebound in many housing markets.

Soon-to-be-released statistics on sales of existing homes will show a dramatic increase dur